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Northern Bear Plc announced that its Annual General Meeting was held on 12 September 2023, where all ten resolutions were duly passed. These resolutions included the re-election of directors, re-appointment of auditors, and authority for the directors to allot up to 5,617,582 ordinary shares (30% of Issued Share Capital) and purchase up to 936,263 ordinary shares (approximately 5% of Issued Share Capital).
| Date | 12 Sept 2023 |
| Time | 18:00:01 |
| Category | AGMs and other meetings |
| ID | 2207M |
12 September 2023
Northern Bear plc
("Northern Bear" or the "Company")
Result of AGM
The board of directors of Northern Bear (LSE:NTBR) announces that, at its Annual General Meeting ("AGM") held earlier today, all resolutions were duly passed.
Resolutions 1 to 8 were passed as Ordinary Resolutions and Resolutions 9 and 10 were passed as Special Resolutions. The voting results on all resolutions at the Annual General Meeting were as follows:
|
Resolution |
For |
% |
Against |
% |
Vote Total (including votes withheld) |
Vote Total as % of Issued Share Capital |
Withheld* |
|
1. To receive the directors' and auditors reports for the year ended 31st March 2023. |
10,586,242 |
100.00% |
0 |
0.00% |
10,586,242 |
56.53% |
0 |
|
2. Authority for the directors to declare and pay a final dividend |
10,586,242 |
100.00% |
0 |
0.00% |
10,586,242 |
56.53% |
0 |
|
3. Re-election of director Thomas Edward Hayes |
10,561,242 |
99.80% |
0 |
0.00% |
10,586,242 |
56.53% |
25,000 |
|
4. Re-election of director Jeff Matthew Baryshnik |
10,168,242 |
96.10% |
418,000 |
3.90% |
10,586,242 |
56.53% |
0 |
|
5. Re-appointment of Saffery Champness LLP as auditor |
10,586,242 |
100.00% |
0 |
0.00% |
10,586,242 |
56.53% |
0 |
|
6. To authorise the directors to determine the remuneration the auditors |
10,586,242 |
100.00% |
0 |
0.00% |
10,586,242 |
56.53% |
0 |
|
7. Authority for the directors to declare and pay a special dividend |
10,586,242 |
100.00% |
0 |
0.00% |
10,586,242 |
56.53% |
0 |
|
8. Authority for the directors to allot up to 5,617,582 ordinary shares (representing 30 per cent. of the Issued Share Capital). |
10,517,249 |
99.30% |
48,993 |
0.50% |
10,586,242 |
56.53% |
20,000 |
|
9. Special resolution: Authority for the directors to allot up to 936,263 ordinary shares (representing 5 per cent of the Company's issued ordinary shares), for cash, disapplying pre-emption rights |
10,515,749 |
99.30% |
50,493 |
0.50% |
10,586,242 |
56.53% |
20,000 |
|
10. Special Resolution: Authority for the Company to purchase up to 936,263 ordinary shares (representing approximately 5% of the Company's issued ordinary shares) |
10,561,242 |
99.80% |
25,000 |
0.20% |
10,586,242 |
56.53% |
0 |
* A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" a resolution.
For further information, please contact:
|
Northern Bear PLC Jeff Baryshnik - Non-Executive Chairman Tom Hayes - Finance Director |
+44 (0) 166 182 0369
|
|
Strand Hanson Limited (Nominated Adviser and Broker) James Harris James Bellman |
+44 (0) 20 7409 3494 |
|
Hybridan LLP (Broker) Clarie Louise Noyce |
+44 (0) 20 3764 2341
|